Credit

Google Inc.’s Aug. 15 announcement of an agreement to acquire Motorola Mobility Holdings strengthens Google’s position in mobile payments, one observer says.

U.S. consumers continue to show greater discipline in making on-time credit card payments compared with their mortgage payments as part of a phenomenon that began with the most recent recession, new Experian data show.

When Pago Mobile Inc. launched its mobile wallet with 53 merchants in Mountain View, Calif., last week, initial industry reaction focused on the smaller payments-application company venturing into turf more commonly associated with Google Inc. in northern California.

Closing out the tab in a busy restaurant or bar just got easier with the help of a mobile-payments application appropriately called “Tabbedout” from ATX Innovation Inc.

A former waiter at a TGI Friday’s restaurant in Maryland has been indicted on 16 counts of identity theft, theft and conspiracy to commit theft in a credit card skimming scheme that prosecutors say affected 73 individuals.

With Google Inc.’s Aug. 15 announcement of an agreement to acquire Motorola Mobility Holdings, the search giant potentially has turbocharged its mobile-payment plans.

Bank of America Corp. is selling an $8.6 billion credit card portfolio in Canada and plans to unload $19 billion of card loans in Europe as it works to exit the international card business, the issuer announced Aug. 15.

ACI Worldwide Inc. is rolling out an upgraded version of its payments server that will boost security systems and marketing processes for retail clients, including the ability to offer consumers immediate rewards at the point of sale, a company executive says.

Responding to what it says is strong demand from corporate customers whose employees travel internationally, Citigroup Inc. on Aug. 11 announced the capability to equip domestic commercial cards with EMV chip-and PIN technology for use in markets outside the U.S. where chip-enabled cards prevail.

The Payment Card Industry Security Standards Council intends to clear up confusion regarding tokenization, a process designed to protect payment card security.

An Australian credit union in Illawarra is trying to recover after several hundred members were victimized by a card-skimming operation.

The European Commission has decided to examine airlines’ increasing use of card surcharges they apply to credit and debit card purchases initiated online.

An owner of a new restaurant likely would not hesitate to buy a $300 fire extinguisher to comply with local fire codes, but he might put off spending about half that much to ensure compliance with standards designed to protect customers’ credit card data, a new report suggests.

An owner of a new restaurant likely would not hesitate to buy a $300 fire extinguisher to comply with local fire codes, but he might put off spending about half that much to ensure compliance with standards designed to protect customers’ credit card data, a new report suggests.

Visa Inc.’s new U.S. EMV initiative will have far-reaching consequences for merchants and card issuers, but the other card networks may not follow it exactly in drawing their roadmaps for migrating to advanced chip card technologies, certain observers say.

When JPMorgan Chase & Co. launched its Sapphire premium card in 2009, it sought to match the card benefits with consumers’ lifestyles. And it paid particular attention to providing access to specific experiences and opportunities.

Most large U.S. merchants easily will comply with Visa Inc.’s first level of incentives to make payment terminals ready to accept contact and contactless EMV cards next year as part of the card brand’s U.S. push toward chip card technology, but it may take smaller merchants a year or two to get there, payment industry experts suggest.

Their portfolios are comparable in size. They are in similar businesses.

When newly acquired card customers from HSBC’s U.S. card program and ING’s online bank are folded into Capital One Financial Corp.’s existing base, they will have a rapidly expanding array of digital transaction and payments channels from which to choose.

If data-security standards compliance in the United States mirrors what has occurred in Europe, the onset of EMV chip-and-PIN technology in the U.S. will not mean major retailers will skip validating their compliance with the Payment Card Industry Data Security Standard each year, the head of the PCI Security Standards Council contends.